South Korean golfer Kim In-kyung captured an LPGA title in China on Sunday. South Korean golfer Kim In-kyung (Yonhap)Kim fired a seven-under 66 in the final round of the Reignwood LPGA Classic in Beijing, for the four-round total of 24-under 268 at Reignwood Pine Valley Golf Club.Kim edged out fellow Korean Hur Mi-jung by a stroke. Another Korean, Lee Mi-rim, finished alone in third at 22-under.Hur was the overnight leader, and Kim trailed her by three strokes through three rounds. Kim picked up

Sports Oct. 2, 2016

The chief of the country's ruling political party ended his week-long hunger strike on Sunday, with the Saenuri Party's lawmakers returning to the National Assembly to attend the regular parliamentary audit which has been in limbo amid their boycott, party officials said.Lee Jung-hyun, the head of the ruling party, began his hunger strike on Monday this week in protest of opposition moves to sack the country's new agriculture minister.Also, Lee, a former presidential secretary for President Park

Politics Oct. 2, 2016

Global rating agency Standard & Poor's Ratings Service said Tuesday that its has decided to maintain its "A+" rating on Samsung Electronics Co., the world's largest smartphone maker, citing its stable market presence. The rating agency also offered a "stable" rating outlook on Samsung. "Although competition is heating up in the smartphone, display panel and home appliance sectors due to Chinese rivals' growth, Samsung's diversified business portfolio and the competitiveness of its premium produc

Industry July 26, 2016

The Asia-Europe Meeting summit on Saturday adopted its chair's statement condemning North Korea's nuclear and missile programs "in the strongest terms," Seoul's presidential office Cheong Wa Dae said. "The chair's statement includes content strongly condemning North Korea's development of nuclear arms and missiles, and calling for the full-scale enforcement of U.N. Security Council sanctions resolutions (against the North)," Kim Kyou-hyun, senior presidential secretary for foreign affairs, told

Social Affairs July 16, 2016

ANKARA, Turkey (AP) -- Forces loyal to Turkey's president quashed a coup attempt in a night of explosions, air battles and gunfire that left dozens dead Saturday. Authorities arrested thousands of people as President Recep Tayyip Erdogan vowed those responsible ``will pay a heavy price for their treason.''  Turkish police arrest Turkish soldiers at the Taksim Square after a failed coup attempt, in Istanbul, Turkey, on Saturday. (EPA-Yonhap)The chaos capped a period of political turmoil in Turkey

Business July 16, 2016

ANKARA, Turkey (AP) -- Turkish officials said Saturday morning the government had appeared to have repelled an attempted military coup following a night of explosions, air battles and gunfire across the capital that left at least 17 dead, according to state-run media.Turkish people attempt to stop a tank moving into position in Ankara, Turkey, late Friday, July 15, 2016. Members of Turkey's armed forces said they had taken control of the country, but Turkish officials said the coup attempt had b

Diplomatic Circuit July 16, 2016

[THE INVESTOR] When L’Oreal acquired NYX Cosmetics for US$500 million in 2014, it most likely was eyeing NYX’s large social media following. NYX is well-known for its effective use of social media such as Facebook, YouTube and Instagram, to connect with consumers. As of early June, NYX has over 7.3 million followers on Instagram while L’Oreal has 2.5 million followers. When L’Oreal acquired NYX, it did not even have 10,000 followers. The person behind NYX Cosmetics’ success is its Korean-America

July 15, 2016

 South Korea joined the so-called Paris Club as its 21st member country on Friday, the finance ministry here said, a step that acknowledges the country's transition into a creditor country.The membership was endorsed at the club's meeting to celebrate its 60th anniversary in Paris, according to the Ministry of Strategy and Finance.South Korea's Vice Finance Minister Choi Sang-mok attended the ceremony, it added.The Paris Club is an association of creditor countries with the major aim of finding

July 1, 2016

 A local court ruled on Friday that swimmer Park Tae-hwan is eligible to compete at the Rio de Janeiro Summer Games, a significant victory for the beleaguered athlete in his legal battle with the national Olympic body. The Seoul Eastern District Court accepted an injunction requested last month by the swimmer to confirm that the Korean Olympic Committee (KOC) has no reason to ban him from racing for South Korea at the Olympics.Park "has no reason for being disqualified based on Article 5 of the

Technology July 1, 2016

Daewoo Shipbuilding and Marine Engineering’s current difficulties were fueled by neglect by its biggest shareholder Korea Development Bank, the Board of Audit and Inspection announced on Wednesday. According to the BAI, the state-run bank neglected its duty in monitoring the shipbuilder’s accounts and financial stability. The KDB holds 49.7 percent of DSME, making it the biggest shareholder as well as the shipbuilder’s main creditor. DSME's Okpo Shipyard in Geoje, South Gyeongsang Province (Yonh

Latest News June 15, 2016

South Korea's two largest container carriers posted massive losses in the first quarter, hard hit by plummeting freight rates, the already-troubled firms said Monday. Both Hanjin Shipping Co. and Hyundai Merchant Marine Co. are struggling to stay afloat amid a drawn-out slump in the global industry. They have sought creditors' help to buy time for self-restructuring programs and avoid court receivership. Hanjin, the bigger shipper by revenue, said in a regulatory filing that it swung to a net lo

Industry May 16, 2016

Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, said Thursday its first-quarter net profit plunged 64.5 percent, as its advertisement business suffered falling seasonal demand and it spent big on new businesses.Net profit reached 10.9 billion won ($9.3 million) in the January-March period, compared with 30.8 billion won the previous year, the company said in a regulatory filing. Operating income also dropped 47.7 percent on-year to 21 billion won, while sales rose 3.5

Technology May 12, 2016